{"id":33643,"date":"2020-12-18T17:11:08","date_gmt":"2020-12-18T15:11:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33643"},"modified":"2025-08-28T14:50:19","modified_gmt":"2025-08-28T11:50:19","slug":"defi-project-opium-protocol-to-launch-insurance-and-staking-service","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/defi-project-opium-protocol-to-launch-insurance-and-staking-service\/","title":{"rendered":"DeFi project Opium Protocol to launch insurance and staking service"},"content":{"rendered":"<p>The Opium Protocol, a crypto-derivatives platform supported by Galaxy Digital and Alameda Research, <a href=\\\"https:\/\/medium.com\/@andreybelyakov\/231bacdac44\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">announced<\/a> the launch of a risk-hedging service in the DeFi sector.<!--more--><\/p>\n<p>Opium Insurance offers the following features:<\/p>\n<ul>\n<li>the ability to buy and sell insurance as needed;<\/li>\n<li>a wide range of insurance types\u2014from smart-contract hacks to issuer default on stablecoins;<\/li>\n<li>the ability to contribute assets to liquidity pools to earn additional returns.<\/li>\n<\/ul>\n<blockquote>\n<p>\u201cWhat will you choose: a 9% return with the risk of losing everything at any moment, or a protected 7% return after a &#8216;donation&#8217; of 2% to cover your insurance in Opium Insurance and peace of mind?\u201d, the project blog says.<\/p>\n<\/blockquote>\n<p>Platform representatives invite readers to pause for a moment and consider what will happen to capital placed in Tether (USDT) if it loses its near-one peg to the U.S. dollar.<\/p>\n<p>Opium Insurance uses Peer2Pool, built on the Opium protocol.<\/p>\n<p>According to the diagram below, buyers select an insurance product, pay a premium into the pool, and receive a tokenized insurance position. They can subsequently sell this asset on the secondary market or use it to obtain a payout in the event of an insured event.<\/p>\n<div id=\\\"attachment_119969\\\" style=\\\"width: 3010px\\\" class=\\\"wp-caption aligncenter\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-119969\\\" class=\\\"wp-image-119969 size-full\\\" src=\\\"https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-December-18-2020-4_57-PM.png\\\" alt=\\\"DeFi protocol Opium Protocol to launch insurance and staking service\\\" width=\\\"3000\\\" height=\\\"1800\\\" srcset=\\\"https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-December-18-2020-4_57-PM.png 3000w, https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-December-18-2020-4_57-PM-300x180.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-December-18-2020-4_57-PM-1024x614.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-December-18-2020-4_57-PM-768x461.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-December-18-2020-4_57-PM-1536x922.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-December-18-2020-4_57-PM-2048x1229.png 2048w\\\" sizes=\\\"auto, (max-width: 3000px) 100vw, 3000px\\\" \/><\/p>\n<p id=\\\"caption-attachment-119969\\\" class=\\\"wp-caption-text\\\">Data: Opium Protocol.<\/p>\n<\/div>\n<p>Opium Insurance is a non-custodial service, with insurance products sold by users willing to bear such risk. Payouts are guaranteed by collateral locked in smart contracts.<\/p>\n<p>Sellers contribute capital to the insurance pool and receive a liquidity provider token. As a result, they earn income on their deposits, since the premiums paid by buyers are added to the pool.<\/p>\n<p>The project\u2019s creators announced the launch of a liquidity mining program for the native token OPIUM.<\/p>\n<p>DappRadar analysts <a href=\"https:\/\/forklog.com\/en\/news\/dapp-transaction-volumes-surged-by-1200-in-2020\">predicted<\/a> that insurance would play an important role in the DeFi ecosystem.<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Opium Protocol, a crypto-derivatives platform backed by Galaxy Digital and Alameda Research, announced the launch of a DeFi risk-hedging service.<\/p>\n","protected":false},"author":1,"featured_media":33644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,508,2070],"class_list":["post-33643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-insurance","tag-opium-protocol"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=33643"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33643\/revisions"}],"predecessor-version":[{"id":33645,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33643\/revisions\/33645"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/33644"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=33643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=33643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=33643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}